Businesses conned by lure of Mon megaprojects
About 10 business operators testified to the Department of Special Investigation in Bangkok on Monday that they were conned into investing about 300 million baht in several bogus projects in the Mon State…— Bangkok Post

Yangon CM urges businesses to help rebuild Rakhine
Yangon Region Chief Minister U Phyo Min Thein has called on the business community to rehabilitate the trouble-prone Rakhine State’s economy, which is under international scrutiny due to unrest.— Myanmar Times

ASEAN migrant remittances equal to Myanmar GDP
Vast differences in living standards and wages across Southeast Asia have driven a massive rise in migration in the region since the mid-1990s, resulting in an estimated 6.77 million migrant workers sending home substantial chunks of their often meager wages to support families in poorer areas.— Nikkei Asian Review

No FDI in three sectors this fiscal year
As of September of this fiscal year, oil and gas, mining and construction sectors had not yet seen an inflow of foreign investments, according to the Directorate of Investment and Company Administration.— Eleven Myanmar

Precautions taken against ARSA: Defense Minister
Myanmar’s Defense Minister Lt. Gen. Sein Win says precautious measures have already be taken against ARSA Bengali extremist terrorists as an one-month deadline set by the terrorist group for unilateral truce passed and any terror attack will be responded lawfully.— Eleven Myanmar

Co-op education programs underway to spur long-term development
Education programs and discussions are being held over the long-term development of cooperatives (co-ops), which have been providing loans to small-scale farmers and citizens, said U Myo Aung, director of Cooperatives Department under the Ministry of Agriculture, Livestock, and Irrigation.— Myanmar Times

Myanmar system rains Monday mayhem
The skies over Calcutta went into deep depression today, pouring 150mm of rain and unleashing gusty winds that uprooted trees, tripped power, disrupted flight operations and left many streets submerged.— The Telegraph

Eel demand to fall after China’s mid-autumn festival
Prices shot up to US$3900 per tonne, driven by the Chinese demand, and hovered around $3700 before stablising at about $3300 per tonne, U Taing Kyaw, chair of Mandalay Division Eel Producers and Exporters Association told The Myanmar Times on August 8.— Myanmar Times

Exclusvie: EU may shun Myanmar generals in new sanctions – draft
The European Union proposes cutting back contacts with Myanmar’s top generals in a first step to increase sanctions over an army offensive that has driven Rohingya Muslims out of the country, according to a draft document seen by Reuters.— Reuters/Business Insider

Myanmar morning news by AEC News Today is your one stop source for Myanmar news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.